MIRA INFORM REPORT

 

 

Report Date :

13.04.2012

 

IDENTIFICATION DETAILS

 

Name :

FUCHS + SANDERS SCHRAUBEN - GROßHANDELS -GMBH + CO. KG

 

 

Registered Office :

Albert-Brickwedde-Str. 5 D 49084 Osnabrück Post Box:19 64, D 49009 Osnabrück

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

10.12.1932

 

 

Com. Reg. No.:

HRA 2669

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of tools and hardware

 

 

No. of Employees :

195

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

250,000 EUR

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

 Fuchs + Sanders Schrauben - Großhandels -GmbH + Co. KG

 

 Company Status:      active

                      Albert-Brickwedde-Str. 5

                      D 49084 Osnabrück

                      Post Box:

                      19 64, D 49009 Osnabrück

                      Telephone:0541/90800

                      Telefax:  0541/908140

                      Homepage: www.fuchs-sanders.de

                      E-mail:   info@fuchs-sanders.de

 

 

VAT no.          

 

DE117662011

 

Tax ID number    

 

66/202/41003

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Ltd partnership with priv. ltd. company as

                                    general partner

 Date of foundation:        10.12.1932

 Begin of business

 activities:                      10.12.1932

 Registered on:              27.02.1933

 Register of

 companies:                  Local court 49074 Osnabrück

 under:                          HRA 2669

 

 

Total cap. contribution            

 

EUR          1,004,000.00

 

 

Limited partner

 

Wessels + Müller Aktiengesellschaft

Pagenstecherstr. 121

D 49090 Osnabrück

Post Box:

43 69, D 49033 Osnabrück

Legal form: Public limited company

Share capital:     EUR         30,750,000.00

Share:             EUR          1,000,000.00

Registered on: 16.07.1990

Reg. data: 49074 Osnabrück, HRB 16550

 

Limited partner:

Christiansen Beteiligungsgesellschaft mit

beschränkter Haftung

Pagenstecherstr. 121

D 49090 Osnabrück

Legal form: Private limited company

Share capital:     EUR             25,600.00

Share:             EUR              4,000.00

Registered on: 20.12.1972

Reg. data: 49074 Osnabrück, HRB 1602

 

General partner:

Christiansen Beteiligungsgesellschaft mit

beschränkter Haftung

Pagenstecherstr. 121

D 49090 Osnabrück

Legal form: Private limited company

Share capital:     EUR             25,600.00

Registered on: 20.12.1972

Reg. data: 49074 Osnabrück, HRB 1602

 

Shareholder:

Wessels + Müller Aktiengesellschaft

Pagenstecherstr. 121

D 49090 Osnabrück

Post Box:

43 69, D 49033 Osnabrück

Legal form: Public limited company

Share capital:     EUR         30,750,000.00

Share:             EUR             25,600.00

Registered on: 16.07.1990

Reg. data: 49074 Osnabrück, HRB 16550

 

Manager:

Frank Schröder

Sophie-Charlotte-Str. 1

D 49076 Osnabrück

having sole power of representation

born: 08.12.1959 in Wöbbel

 

Manager:

Ralf Reuwer

Am Ehrenhain 11

D 49205 Hasbergen

having sole power of representation

born: 30.12.1965

 

Manager:

Andreas Wredow

D 49124 Georgsmarienhütte

having sole power of representation

born: 03.05.1962

 

 

COMPANY HISTORY

 

 10.12.1932 - 01.01.2005  Fuchs + Sanders Schrauben - Großhandels

                          -GmbH + Co. KG

                          Großhandelsring 3

                          D 49084 Osnabrück

                          Ltd partnership with priv. ltd. company

                          as general partner

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 46741   Wholesale of tools and hardware

 

BRANCHES AND FACTORIES

 

Works:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Länderweg 19

D 60599 Frankfurt

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Sigmund-Riefler-Bogen 13

D 81829 München

TEL.: 089/907778-57

FAX.: 089/907778-59

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Grumbkowstr. 46

D 13156 Berlin

TEL.: 030/34347474

FAX.: 030/34347479

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Friedrichshafener Str. 26

D 14772 Brandenburg

TEL.: 03381/3494-20

FAX.: 03381/3494-22

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

An der Sülze 2

D 39179 Barleben

TEL.: 039203/669-99

FAX.: 039203/669-57

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Krefelder Str. 725-727

D 41066 Mönchengladbach

TEL.: 02161/8206-45

FAX.: 02161/8206-47

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Ihlenfelder Str. 123a

D 17034 Neubrandenburg

TEL.: 0395/43097-0

FAX.: 0395/43097-15

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Schulze-Delitzsch-Str. 45

D 70565 Stuttgart

TEL.: 0711/220075-55

FAX.: 0711/220075-59

 

Branch:

Fuchs + Sanders Schrauben - Großhandels

-GmbH + Co. KG

Winsbergring 3a

D 22525 Hamburg

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      250,000 EUR

 

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Albert-Brickwedde-Str. 5

                      D 49084 Osnabrück

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 DEUTSCHE BANK, OSNABRÜCK

 Sort. code: 26570090, BIC: DEUTDE3B265

 

 Further banks

 SPARKASSE OSNABRÜCK, OSNABRÜCK

 Sort. code: 26550105, BIC: NOLADE22XXX

 VOLKSBANK OSNABRÜCK, OSNABRÜCK

 Sort. code: 26590025, BIC: GENODEF1OSV

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR         58,819,098.00

                      2011               EUR         60,500,000.00

 Profit:              2010               EUR          5,305,848.00

 further business figures:

 Equipment:                              EUR            423,116.00

 Ac/ts receivable:                       EUR          7,525,563.00

 Liabillities:                           EUR         19,696,771.00

 Employees:                                                    195

 - thereof permanent staff:                                    189

 - Trainees:                                                     5

 - Temporary workers:                                            1

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 71.65

 Liquidity ratio:                   1.37

 Return on total capital [%]:      28.59

 

 Equity ratio

 The equity ratio indicates the portion of the equity as compared

 to the total capital. The higher the equity ratio, the better the

 economic stability (solvency) and thus the financial autonomy of

 a company.

 

 Liquidity ratio

 The liquidity ratio shows the proportion between adjusted

 receivables and net liabilities. The higher the ratio, the lower

 the company's financial dependancy from external creditors.

 

 Return on total capital

 The return on total capital shows the efficiency and return on

 the total capital employed in the company. The higher the return

 on total capital, the more economically does the company work

 with the invested capital.

 

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2007 - 31.12.2007

 

 ASSETS                                  EUR         17,413,237.33

  Fixed assets                           EUR            755,215.20

   Intangible assets                     EUR            260,054.70

    Concessions, licences, rights        EUR             96,249.57

    Goodwill                             EUR                  0.51

    Advance payments for intang. assets  EUR            163,804.62

   Tangible assets                       EUR            493,360.50

    Plant / machinery                    EUR             30,220.31

    Other tangible assets / fixtures and

    fittings                             EUR            458,020.19

    Advance payments made / construction

    in progress                          EUR              5,120.00

   Financial assets                      EUR              1,800.00

    Shares in participations /

    subsidiaries and the like            EUR              1,800.00

     Shares in cooperatives              EUR              1,800.00

  Current assets                         EUR         16,625,683.78

   Stocks                                EUR         11,563,118.41

   Accounts receivable                   EUR          5,054,935.92

    Other debtors and assets             EUR          5,054,935.92

   Liquid means                          EUR              7,629.45

  Remaining other assets                 EUR             32,338.35

   Accruals (assets)                     EUR             32,338.35

 

 LIABILITIES                             EUR         17,413,237.33

  Shareholders' equity                   EUR          1,280,274.87

   Capital                               EUR            513,337.05

   Reserves                              EUR            766,937.82

  Provisions                             EUR          1,336,780.64

  Liabilities                            EUR         14,796,181.82

   Financial debts                       EUR          2,164,281.39

    Liabilities due to banks             EUR          2,164,281.39

   Other liabilities                     EUR         12,631,900.43

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            831,877.15

    Liabilities due to shareholders      EUR         11,102,451.06

    Liabilities due to investee companiesEUR             23,433.55

    Unspecified other liabilities        EUR            674,138.67

     thereof liabilities from tax /

     financial authorities               EUR            326,060.79

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Gross result (+/-)                     EUR         19,632,981.65

  Staff expenses                         EUR          7,004,885.98

   Wages and salaries                    EUR          5,885,133.57

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR          1,119,752.41

  Total depreciation                     EUR            239,787.83

  Other operating expenses               EUR          5,770,263.94

  Operating result from continuing

  operations                             EUR          6,618,043.90

  Result from participating interests

  (+/-)                                  EUR             21,855.86

   Expenses / income from participations EUR             21,855.86

    Income from related companies        EUR             21,855.86

  Interest result (+/-)                  EUR           -521,365.01

   Interest and similar income           EUR             24,234.99

   Interest and similar expenses         EUR            545,600.00

  Financial result (+/-)                 EUR           -499,509.15

  Result from ordinary operations (+/-)  EUR          6,118,534.75

  Income tax / refund of income tax (+/-)EUR         -1,177,770.63

  Tax (+/-)                              EUR         -1,177,770.63

  Annual surplus / annual deficit        EUR          4,940,764.12

 

 Inconsistent balance sheets:

 Financial year                              published on

 01.01.2008 - 31.12.2008                     10.05.2010

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.44

UK Pound

1

Rs.81.96

Euro

1

Rs.67.60

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.